Stellar stalled at $0.48 following the dip to $0.3. Sideways price action seems to have taken precedence, but XLM appears to be leaning to the bullish side. The cross-border token is also trading between two key levels that might determine its future. Meanwhile, Stellar is looking toward a 35% technical breakout, aiming for $0.65.
Stellar must break above crucial resistance for a technical breakout
XLM is trading at $0.42 while stuck between the 200 Simple Moving Average (SMA) support and the 100 SMA resistance on the 4-hour chart. Due to the seller congestion between these two key levels, Stellar seems to have settled for consolidation before a potential breakout.
https://www.fxstreet.com/cryptocurrencies/news/xlm-price-prediction-stellar-could-sprint-to-065-if-crucial-technical-pattern-confirms-202103031113
“I believe the integration of the Stellar Lumens blockchain technology into mainstream financial institutions should be encouraged. And at some point, you’d figure that this staid industry will be forced to accept that we live in the 21st century.”
https://www.nasdaq.com/articles/stellar-lumens-tech-impresses-but-needs-a-north-star-2021-03-01
https://twitter.com/iholdbitcoin/status/1366433370389929988
https://twitter.com/StellarMafia/status/1367110188520497158
https://goldprice.org/cryptocurrency-price/stellar-lumens-price
#XLM #StellarLumens #Cryptocurrency
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